Steve Mensing, Editor
♦ Gov. Pat McCrory and Cultural Secretary Susan Kluttz took 73 junkets to 52 towns on the taxpayer dime in 2015 and only got an embarrassing $8 million dollar Historic Preservation Tax Credit plan to cover the entire state in the new state budget. From 2011 through 2015 when the old credit hit its sunset, the N.C. Historic Preservation tax credit program handed out $26.6 million dollars a year. Last year McCrory threatened to veto the budget if the credits were not restored. Yet when the governor signed the new credit scheme into law it carried a paltry $8 million dollar price tag for this fiscal year and gradually reduces the credit each year until its final “sunset” in 2020.
Many taxpayers and business owners throughout North Carolina don’t like the idea they have to fork money over to line historic renovators pockets or spend money on someone else’s house or building. Taxpayers and business owners would much rather spend money on their own desires and businesses.
The New Historic Preservation Tax Credit Plan that Started on January 1st 2016:
Historic Building Demolished
